Warrior Met Coal, Inc. (NYSE:HCC) Stake Lessened by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,943 shares of the company’s stock after selling 17,333 shares during the period. Federated Hermes Inc. owned about 0.36% of Warrior Met Coal worth $11,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new stake in shares of Warrior Met Coal in the first quarter worth approximately $39,000. EntryPoint Capital LLC purchased a new position in Warrior Met Coal during the first quarter valued at approximately $54,000. Quadrant Capital Group LLC increased its stake in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after buying an additional 442 shares during the period. Finally, Ausbil Investment Management Ltd purchased a new stake in Warrior Met Coal in the 2nd quarter worth approximately $82,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

In related news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HCC. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley cut their price target on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Warrior Met Coal Stock Down 0.9 %

Warrior Met Coal stock opened at $54.64 on Tuesday. The company has a market capitalization of $2.86 billion, a P/E ratio of 6.58 and a beta of 1.02. Warrior Met Coal, Inc. has a 1-year low of $44.60 and a 1-year high of $75.53. The firm’s fifty day simple moving average is $61.93 and its 200-day simple moving average is $63.05. The company has a current ratio of 6.37, a quick ratio of 5.37 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The company had revenue of $396.52 million during the quarter, compared to analysts’ expectations of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Sell-side analysts forecast that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 annualized dividend and a yield of 0.59%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.